HSBC Offer:

[Anonymous]

Just got this email from HSBC...Anyone ever get an offer like this???

Congratulations! You've been selected to receive this special invitation to request a loan for $9,176.

Dear ,

As a Household Bank Cardmember, we're letting you know that you can choose Beneficial as another great financial resource. Because of the way in which you've managed your Household Bank credit card account, you could request a loan for $4,176 or more right now.* Visit Beneficial.com and request a loan.

[Anonymous]

CFL spam !!!!!!!!!!!!!!!!!!!!!

[Anonymous]

i got one of these and i had the choice of loan or loc when i took it to the office. the rate bites, but 8.6k as a loc didn't count as a cfl and it certainly helps the uti rate.

[Anonymous]

Received the offer from HSBC's other company HFC (line of credit for $8000).   The offers are from HSBC companies (HFC or Beneficial) and have a pretty high APR (24-25%) which is non-negotiable. I did take advantage of it in order to increase my overall utility and pay off my existing credit card debt. I didn't  take the full loan, however they will report your approved amount. Hope this helps.

[Anonymous]

$4,176????

Are they related to the Sears/Citi people who gave HTSU her $1,212 CL?

[Anonymous]

The weird thing is they quoted two different amounts...I'm thinking this is a phishing thing...except they quoted the last four digits of my card number in the email...To strange!

[Anonymous]

Mine came to me in the mail.  They should have local offices in your city.  If you are interested, you can take the email you received to the office and they will qualify you, write up your docs and send you out with a check in an hour or less.

[Anonymous]

As Timothy pointed out above, this is a CFL.  Think long and hard about whether you really want it.

[Anonymous]

pretty sure if you take it as a line of credit you won't get the cfl ding, if you have that option. shows up on all my reprts, even the myfico ones as a revolving account.

[Anonymous]

Hey Timothy and Cheddar - other than the usary rate of 25%, what other feedback do you have about these Consumer Finance Loans (finally used my resources and looked up common abbreviations ... gold star for me )

Edited to add: what is the "CFL ding"

Message Edited by PurpleHaze on 03-24-2008 09:47 PM